2013-02-12T06:38:25-06:00 2012-06-30 020354851 Melanson Heath & Co PC 10 New England Business Ctr Dr Ste Andover MA 01810 990 2011-07-01 042271070 Boston Architectural College BOST 6175363170 320 Newbury Street Boston MA 02115 Dr Theodore Landsmark 6175363170 2013-01-31 1 Sheryl L Stephens-Burke CPA P00085224 9787490005 2011 2016-03-07 17:11:31Z Dr Theodore Landsmark 320 Newbury Street Boston MA 02115 19789177 0 X www.the-bac.edu X 1889 MA Higher Education 16 15 822 175 0 0 603238 1243424 19334373 18042753 247643 234611 89027 144168 20274281 19664956 274368 256905 0 0 12266207 11684833 0 0 143611 7657823 7039454 20198398 18981192 75883 683764 32543414 35432563 17526551 19719366 15016863 15713197 The BAC is committed to provide excellence in design education grounded in practice and accessible to diverse communities. 0 0 14520033 18042753 The BAC is committed to provide excellence in design education grounded in practice and accessible to diverse communities. 14520033 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 57 0 1 822 1 0 0 0 0 0 1 1 0 0 0 0 X 16 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Kathleen Rood VP for Finance & Adm 6172625000 320 Newbury St BOSTON MA 02115 RUSSEL FELDMAN AIA 4.00 X X 2000 0 0 WILLIAM L PARKER ESQ 1.00 X X 0 0 0 CHAD J DAGRACA CPA 1.00 X X 0 0 0 ROBERT A BROWN AIAIIDA 1.00 X 0 0 0 CATHY EDGERLY 1.00 X 0 0 0 HOLLY CRATSLEY AIA 1.00 X 0 0 0 CHRISTINE ARAUJO 1.00 X 0 0 0 MARC W PELLETIER 1.00 X X 0 0 0 JAY PHILOMENA IIDA 1.00 X 0 0 0 FELICE SILVERMAN IIDA 11.00 X 4000 0 0 CAROLE C WEDGE FAIALEED AP 1.00 X 0 0 0 A VERNON WOODWORTH AIA 16.00 X 13300 0 0 DANA C ROWAN 1.00 X 0 0 0 RICHARD FITZGERALD 1.00 X 0 0 0 HANSY BETTER BARRAZA AIA LEED AP 1.00 X 0 0 0 ARTHUR HURLEY III 1.00 X 0 0 0 ROBERT J VERRIER AIA NCARB 1.00 X 0 0 0 JASON BOONE 1.00 X 0 0 0 WM PAUL JOYCE AIA IIDA 3.00 X 1000 0 0 STEVEN F MCDONALD 1.00 X 0 0 0 AUDREY O'HAGAN 1.00 X 0 0 0 RICHARD SNYDER 1.00 X 0 0 0 DR THEODORE C LANDSMARK MED 40.00 X 206680 0 26899 KATHLEEN C ROOD 40.00 X 107441 0 31383 JAMES T DUNN 40.00 X 154462 0 30937 JULIA HALEVY 40.00 X 149689 0 27119 CHRISTOPHER COX 40.00 X 144522 0 14764 783094 0 131102 5 0 1 0 Longwood Security 429 Newbury Street Boston MA 02115 Onsite Security 229470 SPECTRUM CONSTRUCTION 10 POST OFFICE SQ SUITE 800 BOSTON MA 02109 CONSTRUCTION 200000 UNIGRAPHIC INC 110 COMMERCE WAY BUILDING J WOBURN MA 01801 PRINTING SERVICES 190779 Holland & Knight 10 Saint James Avenue 11th Floor Boston MA 02116 Legal Services 131795 4 933909 309515 12500 1243424 Student fees 611600 18042753 18042753 18042753 189928 189928 137000 78700 58300 58300 58300 44683 0 44683 44683 44683 130620 45521 85099 85099 Miscellaneous revenue 611600 769 769 769 19664956 18042753 0 378779 10000 10000 246905 246905 673264 224310 448954 9248083 7424843 1747622 75618 36695 15694 21001 869802 625028 236354 8420 856989 700894 150273 5822 30978 30978 56721 56721 110759 110759 371682 293636 78046 627214 323876 294381 8957 294160 87241 206919 1760748 1463135 297613 89227 53428 35799 222764 149859 66379 6526 769017 761130 7887 1377298 1277288 100010 115934 111760 4174 Program Development 331900 262818 69082 0 Printing 273298 98306 137781 37211 Bond Amortization 189040 182235 6805 0 Outside Services 181017 133499 47318 200 237697 74148 162692 857 18981192 14520033 4317548 143611 568190 1400298 2793934 5131027 104934 30259 100347 244078 220818 178542 32553593 12618852 19996772 19934741 7596471 7332154 1161948 1181464 32543414 35432563 1460390 1651421 896161 852900 15170000 17160000 0 55045 17526551 19719366 X 9142718 9722857 2692815 2806840 3181330 3183500 15016863 15713197 32543414 35432563 X 683764 12570 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87230 X X 0 8687621 85447 210980 310255 8673793 7536798 17754 1445030 311961 8687621 6733239 269889 849622 315952 7536798 8152110 97197 -1211936 304132 6733239 0.30940 0.36700 0.32360 0 0 2656768 2656768 19803713 6144306 13659407 2725854 2162556 563298 5705477 4311990 1393487 1661781 1661781 19934741 Capital leases payable 55045 55045 19664956 18981192 683764 12570 12570 696334 19764119 12567 86596 99163 19664956 0 19664956 19067785 86593 86593 18981192 0 18981192 Part III, Line 4: Historical samples serve as examples of design for our students. Collection includes examples of unique pieces of sculpture, art and furnishings. Description of Intended Use of Endowment Funds: Part V, Line 4: Mainly restricted for scholarships and awards. Description of Uncertain Tax Positions Under FIN 48: Part X: Boston Architectural College is exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). The Organization has also been classified as an entity that is not a private foundation within the meaning of Section 509(a) and qualifies for deductible contributions. The Organization follows FASB ASC, Accounting for Uncertainty in Income Taxes, which clarifies the accounting for uncertainty in income taxes and prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. Accounting for Uncertainty in Income Taxes did not have a material impact on the Organization's financial statements. The Organization's Federal Form 990 (Return of Organization Exempt From Income Tax) for 2008, 2009, and 2010 are subject to examination by the IRS, generally for three years after they were filed. Part XII, Line 2d - Other Adjustments: Occupancy costs associated with rental income 41,075. Fundraising special event direct expenses 45,521. Part XIII, Line 2d - Other Adjustments: Occupancy costs associated with rental income 41,075. Fundraising special event direct expenses netted against fundraising income 45,521. Rounding -3. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The racially nondiscriminatory policy towards students is published in the student handbook. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The college receives Financial Aid from the US Department of Education, and received a grant from the U.S. Department of Energy National Energy Technology Laboratory which will reimburse the costs to a maximum financial assistance award in the amount of $ 1,600,000. This grant will be used to fund the BAC's Urban Sustainability Initiative, a multi-part project with several important goals and objectives that will have a significant impact on the surrounding neighborhood including: energy conservation, reduction of storm water runoff, generation of power through geothermal radiation transfer technology resulting in the elimination/ reduction of BAC carbon footprint, and a vehicle for ongoing public outreach and education for the public and BAC students. Europe 0 0 SEND EMPLOYEE TO ATTEND AND PARTICIPATE IN TRADE SHOWS & CONFERENCES. N/A NORTH AMERICA 0 0 SEND EMPLOYEE TO ATTEND AND PARTICIPATE IN TRADE SHOWS N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Tracked as a separate expense code in the organization's financial statement. Tracked by country when using College issued credit cards. Gala 130620 130620 18237 27284 130620 130620 18237 27284 45521 85099 1 Community Design Resource Center of Boston Inc 320 Newbury Street Boston MA 02115 331171614 501(c)(3) 10000 Committed to the social, environmental and economic health of our communities; Provide design resources, information, and volunteer services to community-based organizations, educational institutions, and government agencies. Promote equal access to sustainably-built environments for low- and moderate-income communities through public educational program and participatory design and planning processes. 0 0 The Adeline Grave Fournier Prize 2 500 John Worthington Ames Scholarship 1 9000 Houseman Scholarship Summer Acad 8 13600 William E. Nast Scholarship 4 1500 Bird Scholarship 1 500 ID Degree Project 1 1000 Designers Light Forum Scholarship 2 3000 Alumni Association Scholarship 2 3000 Edward J. Aisner Scholarship - EDL 14 45000 Financial Aid - CSA Fellows Award 4 4400 Steffian Bradley Scholarship 2 3000 Segment I Portfolio Award Newbury League 1 500 Peter Woytuk Scholarship 2 1000 AIAS Conference Support Award 3 3000 Dean Arcangelo Cascieri 2 3000 BAC Financial Aid - Pilot 1 12768 Kevin O'Marah Prize Fund 1 1000 Edwin T. Steffian Centennial Thesis 1 1000 BAC Financial Aid Mark Walter Young Scholarship 0 A. Anthony Tappe Fontainebleau 1 4000 John Heman Pilling Arch Design 12 3600 Richard Painter Scholarship 1 1000 BAC Institutional Grant for Summer 10 13400 Scholarship Awards - Kronish/Lussier 14 1600 Dmarch Thesis Award 1 1000 Glassman Practice Award 4 400 Scholarship Awarded - Harper Schuman 0 0 Roy Vicklund Memorial Scholarship 0 0 Yellow Ribbon School BAC Funds 1 9459 EDCO Grant awarded to faculty (net of admin fee) 4 13185 FSEOG Grant 0 28730 General Endowment - Green 0 0 B. Walker Emergency Scholarship 3 4505 Aisner Emergency Scholarship 0 0 Frederick Norris Hagelstein Travel 2 3704 Bob Scagliotti Scholarship 2 4500 BAC Financial Aid - Unfunded 8 4658 Sketch Prize Award (Long Studio) 5 800 ID Thesis Award 1 1000 Greene Arch Degree Project Award 2 1000 Greene BDS Award 1 1000 William Francisco Fund 1 1000 BAC Travel Award 12 2592 Houseman Professional Program 4 57362 Royal Barry Wills AoP 2 1000 Sustainable Chinatown Award 4 2000 Park and Rec Grant 1 2000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The VP of Finance and Administration staff oversee that the provisions of the grant are met in accordance with the guidelines or agreement set forth, whether that's use of donor, government or private sources. In the case of the CDRC, annual financial reports are reviewed by a BAC Board member and the BAC president to determine proper use of funds granted under the agreement. X X X X 0 0 0 0 0 0 0 0 0 DR THEODORE C LANDSMARK MED 206680 0 0 0 0 0 11000 0 15899 0 233579 0 0 0 JAMES T DUNN 154462 0 0 0 0 0 15000 0 15937 0 185399 0 0 0 JULIA HALEVY 149689 0 0 0 0 0 11480 0 15639 0 176808 0 0 0 CHRISTOPHER COX 144522 0 0 0 0 0 0 0 14764 0 159286 0 0 0 Massachusetts Development Finance Agency 043431814 57583RHQ1 2006-12-21 12900091 Acquisition/renovation of 951 Boylston Street;Refund of Nonprofit Fin. loan 0 0 0 Massachusetts Development Finance Agency 043431814 2012-03-19 5800000 Renovation of 951 Boylston St and 320 Newbury St. Refund of 1998 Bond. 0 0 0 12900091 806303 258000 814146 11021642 2008 0 0 1 1 3040251 5800000 116000 2622949 20800 2012 1 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 Schedule K Supplental Information Part II, Line 5a, Proceeds: Proceeds used for credit enhancement = $814,146 Proceeds used for bond issuance costs = $258,000 Schedule K, Supplemental Information: Part II, Line 5a, Proceeds: Proceeds used for refunding prior issue = $3,040,251 Proceeds used for bond issuance costs = $116,000 Theodore Landsmark Invoiced 2012 for personal expenses charged to the Company credit card. X 4062 4062 0 0 0 4062 X Catering 1 12500 Invoice 0 1 0 Form 990, Part VI, Section A, line 4 Revised bylaws were adopted on February 24, 2012. Overseers no longer elect the Board of Trustees and faculty, staff and students are no longer able to serve on the Board of Trustees. Four trustees continue to serve as adjunct faculty or thesis advisors; Revised bylaws adopted February 24, 2012 prohibit current faculty, staff, or students from serving on the Board of Trustees, however an exception was made to allow them to continue with their work through 12/31/12 in order to not disrupt current student education. As of February 24, 2012 the existing Board of Trustees elects the current Board of Trustees. Overseers elect the Board of Trustees. As of February 24, 2012 the existing Board elects the current Board. Form 990, Part VI, Section B, line 11 The Board of Trustees has directed the Audit Committee to review the Form 990 on its behalf and upon its satisfaction forward it for execution to the President. The fully executed Form 990 is sent to each member of the Board of Trustees prior to its submission to the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Covered Trustees, Overseers, Senior Staff members, members of standing governance committees, and volunteer and compensated faculty members must file a statement set forth in the Disclosure provisions of the Conflict of Interest Policy, disclosing his or her personal, business, and organizational interests and affiliations, including membership on boards of other not-for-profit institutions. Disclosure statements shall be filed annually with the Chair of the Board of Trustees and the President or their designees, and shall be updated whenever significant changes occur that may be affected by this Policy. The Chair of the Board of Trustees and the President will review the statements and contact the affected person if there appears to be a conflict of interest. A Trustee or Overseer shall not vote on, approve, or recommend approval of any transaction between the Boston Architectural College and that party or their family member as set forth above, and should disclose any potential conflict prior to a vote or other action. If such an affected party is present when a matter involving a potential conflict of interest is considered, that party shall leave the meeting during that discussion and/or the vote. Form 990, Part VI, Section B, line 15 For the president's salary, the benchmark would be the CUPA information on colleges and universities in New England of similar size. Those benchmarks greatly exceed what is affordable for the BAC, thus the salary is selected on performance and budgetary constraints taken into account. The Compensation Committee assigned by the Board of Trustees for the purpose of reviewing salary benchmarks of peer institutes, determined that the salaries of other officers and key employees were consistent with these benchmarks. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 12,570.